LAW No. 40 of 20 April 1992 on the assessment of the tax on dividends from the companies ISSUING the PARLIAMENT Published in MONITORUL OFICIAL NR. 73 of 23 April 1992, the Romanian Parliament adopts this law.
Article 1 on dividends to shareholders or members thereof, as applicable, regardless of the nature of social capital, will be charged a tax of 10 percent, which is income to the State budget.
Article 2 The companies with capital or dividends, the majority State-owned, to be subject to taxation shall be determined by deducting, from the profit remaining after payment of the corresponding tax, covering parts of the Fund the participation of employees in profits at the rate of up to 10 per cent, and a development fund intended for upgrading, modernisation, own sources of financing growth , at the rate of up to 50 per cent.
Article 3 Obligation of calculating and and state income tax returns of companies and dividends shall be made once the actual payment of dividends to the shareholders or members of the society.
For nevărsarea-term tax dividends applies an increase of 0.1% for each day of delay, but no more than the tax owed.
Article 4 fiscal Procedure applicable in the case of the tax on dividends is that provided for profit tax, regulated under the provisions of law No. 12/1991 concerning profits tax.
Article 5 entry into force of the present law shall repeal the provisions of law No. 29/1978 on the training, planning, destination and paying benefits, point 8 of the annex. 2. in law No. 12/1991 concerning profits tax, Government decision No. 781/1991 concerning the assessment of the tax on dividends from companies, as well as any other provisions to the contrary.
This law was adopted by the Chamber of deputies at its meeting on 25 February 1992, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
PRESIDENT of the CHAMBER of DEPUTIES This MARTIAN DAN law was adopted by the Senate at its meeting on 14 April 1992, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
Academic SENATE PRESIDENT ALEXANDRU BÂRLĂDEANU-— — — — — — — — — — — — — — — — — —